Morgan Stanley Begins Clearing Rate Swaps Through CME

Morgan Stanley,owner of the world’s largest brokerage,said it started clearing interest rate swaps for customers this week through CME Group Inc.

Morgan Stanley is the third bank to announce it’s clearing swaps transactions through Chicago-based CME on behalf of money manager clients,as regulators write rules that will mandate that much of the . . . →Read More:Morgan Stanley Begins Clearing Rate Swaps Through CME

Emerging-Market Stocks Drop,Halting Longest Rally Since 2005;Yuan Falls

China may allow the yuan to strengthen to deflect criticism from its trading partners and curb inflation,while protecting a recovery in its exports. Photographer:Nelson Ching/Bloomberg

Emerging-market stocks fell for the first time in 11 days on renewed concerns Europe’s debt crisis will hurt the global economy.

The MSCI Emerging Markets Index lost . . . →Read More:Emerging-Market Stocks Drop,Halting Longest Rally Since 2005;Yuan Falls

Get Adobe Flash playerPlugin by wpburn.com wordpress themes